Announcement Date
12 May 2026
Link to Announcement
Budget.gov.au | Budget 2026–27
Problem being addressed
Private Health Insurance (PHI) is relied upon by 15.4 million people in Australia to help them access healthcare and contributes to the overall sustainability of the Australia’s health system. Strong PHI participation amongst the young and healthy, particularly given the increasing age of the population, facilitated through targeted incentives and consumer safeguards, is critical to PHI affordability and takes pressure off the public health system.